Section: News & Summaries

Ukrainian President Petro Poroshenko on Wednesday strongly condemned the attack on the Consulate General of Poland in Lutsk, while the country`s Foreign Minister Pavlo Klimkin expressed outrage over the act which he called ”provocation.” ”The president strongly condemned the shelling of the Consulate General of Poland in Lutsk,” Poroshenko`s...

Japanese Toshiba`s subsidiary company Toshiba Westinghouse Electric, the American-Japanese company servicing nuclear power plants, will be declared bankrupt due to losses reaching $7 billion with another $2 billion to be lost due to the bankruptcy procedure, according to Reuters. Toshiba plans to file for Westinghouse Electric`s bankruptcy on...

The NBU expanded the list of eligible collateral for ELA and simplified the procedural formalities, according to the central bank`s website. The new Emergency liquidity assistance (ELA) facility was put in place in December 2016. ELA loans are intended to cover temporary liquidity shortages experienced by a bank, which is provided in the event of...

Ukrainian farmers increased exports of apples to the European Union by 347 times compared to 2013, while those to Asian countries rose by 55 times, according to the Ukrainian Agrarian Policy and Food Ministry`s press service. ”The shipments of apples from Ukraine to the EU countries grew by 347 times, to 1,130 tonnes in 2016 against 2013. Apple...

Export losses due to the occupation of Donbas and Crimea amounted to US$12.9 billion, while total export losses of Ukraine amounted to $25.2 billion over the past years, that`s according to a draft export strategy, published on the website of the Ministry of Economic Development and Trade. ”The cost of export losses at the expense of these areas...

Ukrainian army Gen. Viktor Nazarov has been sentenced to seven years in prison on charges of neglect of duty and inaction in the case of an Il-76 transport aircraft downed in Luhansk in 2014, which resulted in the death of 40 Ukrainian paratroopers, according to the media outlet InfoResist. ”Viktor Mykolayovych Nazarov is found guilty and...

The European Union`s visa liberalization decision regarding Ukraine can enter into force on June 11, 2017, Brussels-based RFE/RL journalist Rikard Jozwiak wrote on Twitter. ”For Ukraine, the plenary meeting of the EP [European Parliament] to vote for visa lib will be held April 6 and the EU will likely to endorse it on April 26. Signing will take...

Europe`s top court on Tuesday upheld European Union sanctions on Russia over the Ukraine conflict, including on its largest oil group Rosneft, in a ruling that asserts the court`s jurisdiction over the bloc`s foreign policy, according to Reuters. The European Court of Justice (ECJ) said ”restrictive measures … in response to the crisis in...

Ukraine`s state and government-guaranteed debt, estimated in U.S. dollars, rose by 0.78%, to $71.76 billion, as of February 28, according to the Ukrainian Finance Ministry`s website. The debt in the hryvnia equivalent is estimated at UAH 1.941 trillion. The ministry claims that the main reason for the growth of the national debt in February was...

Russian-Belarusian military exercises ”West-2017,” scheduled to be held this fall, can be used to launch direct aggression against neighboring countries, including Ukraine, Verkhovna Rada Speaker Andriy Parubiy said, addressing the participants of the Ukraine – Poland – Lithuania Interparliamentary Assembly on Monday, the press...